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Bank Of England Hikes Rate By 50 Bps; Softens Guidance

The Bank of England raised its benchmark rate by a half percentage point on Thursday citing stronger-than-expected wage growth but softened its stance on future tightening as inflation is set to return to the target in medium term. The Monetary Policy Committee voted 7-2 to raise the bank rate by 50 basis points to 4.00 percent, the highest since 2008.
RTTNews | 740 gün önce
U.S. Labor Productivity Surges 3.0% In Q4, More Than Expected

U.S. Labor Productivity Surges 3.0% In Q4, More Than Expected

A report released by the Labor Department on Thursday showed U.S. labor productivity surged by more than expected in the fourth quarter of 2022. The Labor Department said labor productivity spiked by 3.0 percent in the fourth quarter after jumping by an upwardly revised 1.4 percent in the third quarter.
RTTNews | 740 gün önce
U.S. Jobless Claims Unexpectedly Show Another Modest Decrease

U.S. Jobless Claims Unexpectedly Show Another Modest Decrease

The Labor Department released a report on Thursday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended January 28th. The report said initial jobless claims edged down to 183,000, a decrease of 3,000 from the previous week's unrevised level of 186,000.
RTTNews | 740 gün önce
ECB Delivers 50 Bps Hike, Signals Repeat In March

ECB Delivers 50 Bps Hike, Signals Repeat In March

The European Central Bank raised its key interest rates by 50 basis points on Thursday, in line with expectations, and signaled that policymakers plan to repeat the move in March, when they will evaluate the future path of policy rates. The Governing Council, led by ECB President Christine Lagarde, had slowed the pace of interest rate hikes to 50 basis points from 75 basis points in December.
RTTNews | 740 gün önce
Pound Drops As BoE Signals Peak In Inflation

Pound Drops As BoE Signals Peak In Inflation

The pound fell against its major counterparts in the European session on Thursday, as the Bank of England lifted its key rate as expected, but indicated that inflation had probably peaked.
RTTNews | 740 gün önce
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Estee Lauder Slashes FY23 Earnings Outlook - Update

Estee Lauder Slashes FY23 Earnings Outlook - Update

While reporting financial results for the second quarter on Thursday, Estee Lauder Cos., Inc. (EL) slashed its earnings and adjusted earnings guidance for the full-year 2023 and provided outlook for the third quarter, well below estimates.
RTTNews | 740 gün önce
Material Shortages In German Factories Ease In January : Ifo

Material Shortages In German Factories Ease In January : Ifo

German manufacturing companies reported an ease in material shortages at the start of the year, but the decline may not be strong enough to cope with the expected winter recession, survey results from the Munich-based ifo Institute showed on Thursday. In January, 48.4 percent of German manufacturing companies witnessed material shortages compared to 50.7 percent in December.
RTTNews | 740 gün önce
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Canadian shares look headed for a positive start Thursday morning, tracking higher bullion prices, and dovish comments from the Federal Reserve.
RTTNews | 740 gün önce
Ferrari Q4 Net Profit Rises 3%; Initiates FY23 Outlook

Ferrari Q4 Net Profit Rises 3%; Initiates FY23 Outlook

Italian luxury sports carmaker Ferrari N.V. (RACE) reported Thursday that its net profit for the fourth quarter increased to 221 million euros or 1.21 euros per share from 214 million euros or 1.16 euros per share in the prior-year quarter.
RTTNews | 740 gün önce

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